Nicholas Investment Partners LP lowered its position in AlarmCom Hldg Inc (NASDAQ:ALRM) by 40.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 77,846 shares of the software maker’s stock after selling 53,776 shares during the quarter. Nicholas Investment Partners LP owned 0.17% of AlarmCom worth $2,939,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in AlarmCom in the third quarter valued at about $109,000. Macquarie Group Ltd. bought a new position in shares of AlarmCom during the third quarter valued at approximately $147,000. Jasper Ridge Partners L.P. bought a new position in shares of AlarmCom during the third quarter valued at approximately $213,000. Janney Montgomery Scott LLC acquired a new position in shares of AlarmCom during the third quarter worth approximately $230,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of AlarmCom during the fourth quarter worth approximately $216,000. Hedge funds and other institutional investors own 87.73% of the company’s stock.
In other news, Director Darius G. Nevin purchased 10,000 shares of AlarmCom stock in a transaction dated Friday, March 2nd. The shares were bought at an average cost of $37.21 per share, with a total value of $372,100.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $372,100. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 78.50% of the stock is currently owned by company insiders.
AlarmCom Hldg Inc (ALRM) traded up $0.04 on Friday, hitting $38.94. 245,317 shares of the stock traded hands, compared to its average volume of 522,883. AlarmCom Hldg Inc has a twelve month low of $29.70 and a twelve month high of $49.49. The company has a market capitalization of $1,878.79, a PE ratio of 64.82, a P/E/G ratio of 2.61 and a beta of 1.19. The company has a debt-to-equity ratio of -0.80, a current ratio of 3.68 and a quick ratio of 3.37.
A number of equities research analysts have weighed in on the company. BidaskClub upgraded AlarmCom from a “sell” rating to a “hold” rating in a research report on Friday, January 19th. Imperial Capital raised shares of AlarmCom from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $37.88 to $45.00 in a research note on Friday, February 16th. Northland Securities set a $51.00 target price on shares of AlarmCom and gave the company a “buy” rating in a research note on Thursday, November 16th. Zacks Investment Research raised shares of AlarmCom from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Tuesday, February 27th. Finally, Jefferies Group upgraded shares of AlarmCom from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $44.00 to $43.00 in a report on Thursday, January 18th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. AlarmCom currently has a consensus rating of “Buy” and a consensus target price of $46.80.
WARNING: “AlarmCom Hldg Inc (ALRM) Shares Sold by Nicholas Investment Partners LP” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States & international copyright & trademark laws. The original version of this piece can be accessed at https://www.dispatchtribunal.com/2018/03/16/nicholas-investment-partners-lp-sells-53776-shares-of-alarmcom-hldg-inc-alrm.html.
AlarmCom Company Profile
Alarm.com Holdings, Inc is a platform solution for the connected property. The Company offers a suite of cloud-based solutions for the smart home and business, including interactive security, video monitoring, intelligent automation and energy management. The Company operates through two segments: Alarm.com and Other.
Receive News & Ratings for AlarmCom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AlarmCom and related companies with MarketBeat.com's FREE daily email newsletter.